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a possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetoric, the same
>> hi, everyone. welcome to the "journal" coming to you live from dw in berlin. the u.s. president defies a fragile economy and high unemployment to win the election, telling the american people the best is yet to come. >> appeals from angela merkel to her european partners -- an end to the eurozone debt crisis will require more unity. >> and a parliamentary vote on another round of austerity cuts in greece. >> thanks for joining us. barack obama has won his second term in office as president of the united states, but his celebrations will be short-lived as the multitude of urgent issues on his desk draws him back to work without delay. >> the first order of business will be to negotiate a new budget deal in congress by the end of the year. otherwise, and harsh plan of spending cuts and tax increases are due to go into effect. we will hear more about that later on in the show, but first, a look back at how things play out on election night in the u.s. >> his face said it all -- president barack obama had to fight hard to keep his job in a tough race against his republican challenge
for his second term. >> the belief that while each of us will pursue our own individual dreams, we are an american family and we rise our fall together as one nation and as one people. and in the coming weeks and months, i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together, reducing our deficit, reforming our tax code, fixing our immigration system, freeing ourselves from foreign oil. we've got more work to do. >>> romney made his concession speech in boston, massachusetts. >> i so wish, i so wish that i had been able to fulfill your hopes to lead the country in a different direction. but the nation chose another leader. so ann and i join with you to earnestly pray for him and for this great nation. >>> americans and people around the world are waiting to see how president obama will address the challenges he mentioned in his victory speech. nhk world's political commentator nakajima joins us. tell us how obama won a second term? >> for a start, he is the incumbent president that puts him in a position of po
, so whether the u.s. down there or italy and spain here in the periphery, 4.7%, 6%, remarkable there, level for spain even today as the country's banks are being more fully examined in light of the national examination plans. the dollar/yen pulling back about half a percent to 8167. let's get to deirdre bolton from singapore. hi, deirdre. >> hi, kelly, how are you? and it's morris, by the way. but i'm flattered that you call me bolton. in china and hong kong, it was all about, what else, the fiscal cliff. those comments from the senate majority leader harry reid overnight really sparked some jitters in this session today, so we have red across the board. the shanghai composite, it is well and truly below that 2011 level, shedding another .9 of a percent. the hang seng was feeling some of that pressure from chinese stocks and shedding .6 of a percent. it was the mainland banks that were the culprit. they didn't fare as badly if the mainland. some capital requirement rules are going to be implemented that are raising concerns about loans and the ability of these major banks to give out
hands a defeat to prime minister david cameron over eu funding. >> as the u.s. northeast picks up the pieces after sandy, barack obama hits the campaign trail again. >> bayern-munich rocked to victory. >> the chris parliament has made it clear the budget for the european union must be reduced. >> members of parliament delivered an embarrassing defeat to prime minister david cameron late on wednesday in what the press there is calling kamins fright night. >> cameron has been calling for an eu budget freeze, but members of his own conservative party revolted, demanding brussels trim its spending. >> we have more now on the vote and the fallout beginning in london. >> when the vote was read out, it was a stunning defeat for the government. the opposition labor party is rubbing its hands in glee. 53 of david cameron is -- cameron's own party refused to toe the line, pushing through the amendment. kamen wants to freeze the eu budget over the next seven years, but these skeptics say a freeze does not go far enough. they want to see cuts in real terms. opposition labour is supporting the
she and the professional educators year aircraft for the u.s. navy in 10 years ago made the transition to academia where the provided the outstanding opportunity for graduate school to have a specialty in a geographic part of the world where i specialize in middle eastern history. >>host: allen author "the politics and security of the >>guest: it is. the part of the world with united states has been involved in the iran-iraq war, desert shield, desert storm and operation in iraqi freedom. it is a big topic and it needs to be discussed and investigated. >>host: where do you begin talking about u.s. involvement? >>guest: the u.s. involvement in the valleys goes much further back. we specifically look at the persian and gulf even though they sent some ships it is really world for to the united states and military get involved in a big way. surprisingly it does not have to do with the oil. world war ii marked the entry of the united states and its military to provide a secure pathway for supplies to the beleaguered soviet russian allies in their quest to defeat the germans.
'll break it all down. >>> wall street may have the blues u.s. debt is mounting and tax hikes could be around corner. but screw the inevitable. there are still plenty of ways to make money. we'll tell you exactly how to keep raking it in. >>> the "oracle of omaha" make as new gamble. where warren buffett sees the next cash cow and how you can follow in his footsteps. even when they say it's not it is still always about money. melissa: all right, first let's take a look at the day's market headlines. stocks tumble yet again following the worst session of the year yesterday despite better than eepected u.s. jobless claims and u.s. export data. rising concerns over the fiscal cliff shook investors yet again the dow closed down 121 points. >>> disney shares are sliding after-hours the company reported fiscal fourth quarter earnings a short time ago. disney coming in a little light on revenue while meeting profit expectations. >>> shares of whole foods took a nearly 6% hit. the company warned superstorm sandy is taking a bite out of sales and will hurt earnings. >>> to our top story. che
in common is we use technology -- in our cases, an online platform -- that actually lowers the barrier -- the barrier of entry so people across the social spectrum can engage. you do not need to have a second home in a fancy condo buildings in this city. you can have an extra count that you want to rent out, and you can find access to travelers from all over the world who also do not have the resources to spend money on a $200 hotel bill who want to say on your couch, and that is really democratizing travel, not just access to travel, but also access to the tourism economy that flourishes in the city. >> i just want to address the technology point really quickly. we try and emphasize the human aspect of this, whether it is on the website or whether it is through the iphone app. other people use a device that we built, that lets you share a car more conveniently by letting the richer unlock the car with their smartphone. even with that, we really try to connect the people who are sharing because a lot of people to accept rentals just with the kit and may never meet the people they are s
to u.s. leaders negotiating over the so- called fiscal cliff about the serious financial impact looming on the horizon. that's where we begin this morning. how confident are you about the state of the u.s. economy? what steps are you taking to prepare for the potential impact if the u.s. goes off the fiscal cliff? give us a call this morning. you can also catch up with us on all your favorite social media sites, twitter or facebook. or e-mail us. thismorning to you on wednesday, november 21. we are talking about federal reserve chairman ben bernanke's comments yesterday about the fiscal cliff, and getting your thoughts on bthe u.s. economy. and this headline -- also, in the financial times -- to tell little bit more about ben bernanke's , and sister day we turn to david clarke of "politico," their financial services editor. thanks for joining us. guest: thanks for having me. host: what is making the most waves from his speech? guest: in the past he has warned that congress and the president's path to take care of the fiscal cliff. yesterday he said it is not simply doing it but how they
. >> aida donald author of "citizen soldier, a life of harry s. truman." delighted to have you with us. >> thank you for inviting me. it has been a delight. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> tomorrow on "washington journal", david walker talks about his ideas for averting the fiscal cliff, followed by a look at u.s. oil production and a new report that the international energy agency about the country's energy production by 2020. later, we will talk about how the federal bureau of investigation and the cyber- based crimes. clark sought foreign policy scholars will discuss the relationship of the u.s. with china. we will hear from the u.s. ambassador to china. our live coverage begins tomorrow at 9:15 on c-span2. >> the mindset of the world, was into the mid 1990's that wire line access would -- with stuff on poles or in the ground was the key to understanding telecommunications. the intriguing part of the wireless story is how very few people inside the industry - back- that is why the report came out the
hearing the was that emotional. people are using this income to pay property taxes if they own their home, pay off their mortgages, pay increasing rents. our cofounders could not afford their increasing rent so they blew up an air mattress in their living room and rented it out to make rent. this is incredibly important as a source of income for our hosts. if you are taxing at 15%, we need to do so thoughtfully. >> what was the treasurer's view? how is it different from yours? >> we do not know what the treasurer's view is. we would love to discuss this collaborative lee -- collaboratively. our hosts are interested in this topic and to explain what they are willing to pay. they do not have the same resources as a corporate hotel to collect and remit taxes monthly because they are not running a business. this is done occasionally. in my case, probably two weeks a year. we do not know what the treasurer and tax collector think about this. we look forward to speaking with them and having a couple conversation. >> when i went to austin last year, i stayed in the home of a single working mom.
soared on cyber monday. and all bets are off. prediction market entrade says it can no longer accept u.s. customers as market regulators say its trades aren't legal. shanghai composite closed below 2,000 for the first time in three years. it comes at a time when plenty have been talking up chinese growth prospects for next year. so we'll get into that more later. but 1991 is the closing level. this the main one to watch across asia. the nikkei did manage to continue it rally adding about 0.4% as the yen weakens on comments this morning. forex, the dollar-yen one to watch, 82.19 is the level there. the aussie dollar doing a little bit abouter despite that weak number on the shanghai composite. sterling is flat. we'll get into that more later. and euro-dollar just barely higher today, we did see it rallying over the 1.30 mark last night. as we look at crude rallying adding a third of a percent. brent about a quarter of a percent. copper, we're adding 0.2%. 354 bucks on that contract. the real foe you can as we continue to examine whether china's economy is fundamentally hanging in there, c
here. the u.s. allegatielections and redskins lost. >> we will mention the redskins indicator, but it's true whether the u.s., china, greece, eurozone itself would make for a big week, but combine them all together, in fact it's no wonder that markets are a little unnerved. >> coming up today, plenty to get through. we're at singapore where hundyui shares are down. >> and here in london, uk pmi data will be out. the question whether it will follow an upward trend. >> and china preparing for the once in a decade political handover. we'll take a lower look at the new leadership. >> when the redskins win or lose, it has predicted the top winner since 1980. there has been a notable expossession of 1984. >> although gore did win the popular vote but not the electoral college. >> in 2000. >> that's right. >> the all-important football -- i should say american football indicator here. it points towards a romney victory. >> besides all that, plenty corporate news. hsbcs has set aside an additional $800 million in the third quarter to deal with the u.s. anti-money laundering probe. that brings
are interested in having that conversation in a way where we can use the new economy to benefit the city as well as individuals who are proactively taking all entrepreneurship in their own hands to leverage their own resources and knowledge to supplement their income. >> at task rabbit, we're looking to partner with the city and generate more awareness around what we do and how consumers and small businesses can get involved. we have a lot of small businesses utilizing the network as a delivery force or on demand labor force, particularly with seasonal businesses. they do not want to have to hire a bunch of full-time employees for a month or two of work. they're able to utilize the task private network to scale up and down. another case we see is for deliveries. suzy cakes uses task rabbit to get her goodies out. these tasks rabbits are using their own vehicles to do the deliveries. it is typically for a quick five-minute stop. one thing we have been brainstorming with the city about is whether there is a collaborative consumption parking pass or parking network. i know you have some thoughts fo
author of "citizen soldier, a life of harry s. truman." delighted to have you with us. >> thank you for inviting me. it has been a delight. >> tonight, of british prime minister david cameron attends the banquet, followed by marco rubio in iowa, and later eric holder talk about the recent the peace settlement. -- the recent bp settlement. we will discuss economic challenges of the country prepares for transition. we will hear from the u.s. ambassador to china. our live coverage begins tomorrow on c-span 2. we will look at immigration policy at the american enterprise institute. speakers include utah's's attorney general. then the ceo of the nasdaq stock exchange talks about the so- called sysco close and its effect on capital markets. that is at 1:00 p.m. eastern. tomorrow night, the former abc anchor ted koppel, talks about the future of news. now british prime minister david cameron speaks at the they quit in london about economic and foreign policy. this will be -- speaks at the banquet about economic and foreign policy. this is about 40 minutes. >> the queen. ["god save the quee
threatened to stop that, he used all his tools of public service to help him win the battle. here are a couple of those tools he had, neil armstrong, tom stafford, part of a bipartisan coalition to put the united states on a path to go into orbit. as a boy who grew up within a mile and a half of the johnson space center, i saw ralph hall make history, that my kids, your kids, can see americans go into space. one more slide. we've all talked about the children earlier this year, because you did that, my kid said, dad, let's jump out of a plane when i turn 18. thank you, mr. chairman, you made a difference in my life and a difference to so many people. mr. smith: i yield two minutes to the gentleman from florida, bill posey. mr. posey: thank you, mr. chairman. i appreciate the opportunity to join with me colleagues in recognizing chairman ralph hall for his tenure as chairman of the house science committee. during his service, he reached acrong the -- across the aisle and forged bipartisan coalitions to support important legislation and no program, in my view, has benefited more if
cut spending and we did, we cut $900 billion in spending that he can't like painful tos us. >> we'll continue our call to rise bol politics and make a deal. oufr guests this morning include mike jackson and also david zaslav. and the head of maris group. and douglas holtz-eakin. >> let's talk about eurozone finance ministers meeting to discuss whether to release a new tranche of fund to go greece. the leaders are not expected it to okay the funding despite greece approving a tough 2013 budget. we'll have more from ross westgate in london on all of that. japan's economy shrank, first contraction since last year. the data adding to signs of slowing global growth and tensions with china nudging the which i into recession. and yen minute's main oil export pipeline shut after it was blown up in two pieces. local news organizations didn't identify the attackers, but they've been repeatedly sabotaged. finally, iran launched a military drill across half of the country today. government warning it would act again against aggressors. >> where is your jacket? >> i decided in high spirit of r
the telecommunications industry was knee deep in this. they can -- in-line in us as to what went right. obviously all was not hunky dory. people lost power. is that something that could not be prevented? is this something if we changed might be prevented in the future? last summer a storm knocked out 911. these things are becoming more commonplace. a hearing would allow us to investigate the reliability of the networks and identify and highlight the best practices and addressed potential vulnerabilities in our communications infrastructure. obviously i want to hear what the industry has to say. we can help in light in congress as to what we should be doing to prevent this from happening in the future. >> representative engel, have you heard back from chairman upton? >> we have not. it was sent to chairman upton and the chairman of the telecommunications subcommittee. this proposed hearing is not to be adversarial. it should be bipartisan and we want to find out what happened. i do not think there is anyone who would not want to do that. i would take it one step further. i would like to see a separate
say the central bank likely to hold off until after the federal reserve is due to meet. joining us for more is global chief officer of global equities. and head of japanese research at jpmorgan securities. i suppose the question is whether this contraction here in the third quarter will be followed by another one in the fourth. >> it looks quite likely. you've got bad news on exports continuing and you've got on on top of that now a contraction in public spending beginning to come through. the boost we got after the weak construction from the disaster, that's now bapeaking out. so public demand and economic demand likely to drag us. >> and how much is domestic relying on government support? >> the domestic private side is actually doing really differencely okay. one data point here, you find that mortgage lending is actually growing now for six or seven consecutive months and that shows you that they're opening their purse spritrings little bit. but overall you're really looking at slight contraction in the economy. >> what extra pressure does this put on the government and the ban
.1 million barrels a day. impact of hurricane sandy in the u.s., reduced, as well. crude oil supply dipped to a nine month low. so the demand being cut, patrick armstrong is where us, managing partner at investment managers. but that's clearly because of global weakness -- well, economic weakness in europe and hurricane impact. >> definitely. year over year, oil demand is up. we've had very weak economy in europe. not much growth in the united states. but i think that's the trend we'll be playing out for the next few years. >> oil 110 at the moment. is that a fair price? >> there's premium built in because of geopolitical risks. i think premium is probably justifiable. you look at wti at $23 discount to where breptd is. that's not sustainable in the long time, but given inventory levels, that will stay. >> do you keep your trade on oil? >> we have neutral position, but we're short the front month. respe respect. we make money by rolling the contracts the other way around. we're long oil in the 12 months forward rolling in to the 13th month and we end up with little more oil with that strat
doing it? find us on facebook or twitter. "cnn saturday morning" with randi kaye continues right now. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." battling over benghazi, lawmakers are furious. the president is standing his ground. and there is still no one in custody. all morning, we're putting the conflict and the players in focus. on the brink of war as fighting escalates between israel and hamas, experts say there will likely be a lot more bloodshed before the violence stops. and it's the gaffe that has some republicans shaking their heads. why mitt romney says obama won because of the gifts he gave. >>> good morning, everyone. i'm randi kaye. it is 10:00 on the east coast, 7:00 a.m. on the west. we start in gaza this hour, as people there have to fear death from above. israeli war planes have been relentless in their attacks on targets in gaza. they are hunting rocket launchers, but dozens of civilians have been killed as a result. the latest round of this conflict started wednesday, and there is no end in sight. sarah sidener is in gaza city for u
: it is a busy news morning. the u.s. is officially getting involved in the mideast fighting. secretary of state hillary clinton is en route to meet with prime minister benjamin netanyahu as the u.s. embassy attacked this morning. we have leland on the ground. we'll go to washington with the latest details on secretary clinton's mission. >> good morning. israel and terrorist leaders of gaza exchange fire president obama is dispatching secretary clinton to the middle east it is a hastedly arranged departure from cambodia where she is involved in the ongoing summit. she plans to visit israel and ramallah and egypt because u.s. considers hamas a terrorist consideration and prohibits contact it is relying on egypt and turk yeqatar to deliver its message to the hamas leadership. >> on the trip secretary clinton will emphasize the united states interest in a peaceful out come that protects and enhances israel's security and outcome to lead to improved relations to the civilians in gaza and reopen the path for israelies and palestinians so they can live in peace and security. >> some doubt secretary cl
. permanent military professor at the u.s. naval academy. what does that title mean. >> guest: well, we represent the permanent military professors, a hybrid, a joining of the professor officer corps and professor and the professional educators here at the naval academy. i spent the first half of a naval career flying aircraft for the u.s. navy, and about ten years ago made the transition to academia, where the navy provided an outstanding opportunity to go back to graduate school and get a specialty in a geographic part of the world where i specialize in middle eastern history. >> host: and now an author. "the politics and security of the gulf" is the numb of your book. that's kind of a big topic. >> guest: it is. it's part of the world where the united states has been involved in three hot wars in the past generation, the iran-iraq war, desert shield, desert storm, and operation iraqi freedom. it's a big topic, and it needs to be discussed, and investigated, which is part of the reason why we took on this topic. >> host: in your book, where do you begin talking about u.s. involvement
. >>> chuck todd on the white house lawn for us, thank you, and with due respect, while washington is one thing, and we know how they act. if this happens it will affect american lives and households millions strong. >>> tonight, we asked sharon epperson to go over this with us, it would be about personal finance >> it certainly would be, brian, and we're talking about nearly every taxpayer that will be affected. the first place you will see it is on your federal tax rate going up for middle income americans. we're talking about $2,000 a year extra that you will pay. and as the tax rate goes up, whether you have a job or are living off your 401(k) or retirement money, you will see your percentages that you pay on that income significant. we'll also see an increase on the payroll tax, so somebody making say, $50,000 a year will see 20 extra a week that they will pay, or more than a thousand on the year. and here is the big one, the alternative minimum tax. about 27 million people will be hit with this for the very first time. and this is a separate calculation that goes along with the regu
at the cincinnati inquirer. the headline, it's all up to us. ohio at the center of the political universe. while this state may, in fact, be important, it wasn't the first to vote. for the first time ever and with its lowest turnout in almost 50 years, a tie this morning in tiny dixville, notch. just after midnight they cast 5 votes for president obama, 5 for governor romney. a few hours south in manchester the governor ends his campaign. >> the last months of our campaign have seen the gathering of strength of a real movement across this country. it's evident in the size of these crowds like this tonight. my goodness. and i understand that there are a few thousand people outdoors that couldn't get in too. >> reporter: after voting near boston this morning, the governor hit the road again thanking campaign workers in pennsylvania and ohio, two key states he hopes to win. president obama wakes up this morning back home in chicago. he plans to continue an election day tradition. a game of basketball before watching results tonight. last night his final campaign rally ever. in iowa, where he first
of us. what people did remember is that we are a rich country. risis is really an opportunity to harness our abundant resources in ways that will position us better for the future. >> we will speak with sarah anderson of the institute for policy studies about her new report, "the ceo campaign to 'fix' the debt: a trojan horse for massive corporate tax breaks." all of that and more coming up. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. president obama is holding the first of a series of meetings at the white house today on averting the so-called fiscal cliff of expiring tax cuts and automatic spending reductions set to take effect at the end of the year. under the terms of last year's debt deal, obama and senate democrats must agree on a deficit reduction package with house republicans or face automatic cuts that will likely contract the economy. labor groups including the heads of the afl-cio and seiu will sit down with obama today, followed by corporate ceo's on wednesday. the president has vowed to@ resist republican calls for extending tax cu
>> thanks for starting your morning with us. we've got much more ahead on cnn "saturday morning" which starts right now. good morning, everyone. i'm randi kaye. victor blackwell is on assignment. it is 8:00 on the east coast, 5:00 out west. thanks so much for starting your day with us. we start in the middle east. this has become a fairly common sight in gaza this week. israeli planes have been carrying out air strikes over gaza since wednesday. meanwhile militants on the other side have fired more than 200 rockets into israel. israel is massing troops near the border with gaza. they have got 30,000 troops there now and have 75,000 reservists getting ready. at least 42 people have died since the operation began. meanwhile, world leaders including representatives from the united states and the u.n. are calling on both sides to show restraint, but restraint seems to be in short order right now. our sarah sidner is live in gaza with a bird's eye view of the conflict. are you seeing more air strikes right now? >> reporter: absolutely, and in just the past few minutes we could hear t
. u.s. equity futures should be interesting to look at temperature basically on hold. not sure what to do after yesterday. we'll talk more about the economy in a minute with david rosenburg. it was pretty clear yesterday that depending on how you wanted to spin it, could you say how do you do for another four years. i don't remember any euro news in the last six months no matter how bad it was, we didn't get it free handle. so there's more to it than just europe. >> it was the fiscal cliff, but also the financials got hit so hard. if it had been romney, the cliff would be less of a deal because they would stepped all of them. so now we know and we lettered it first hand yesterday. boehner said we're open to tax increase, but part of a bigger plan that involves spending cuts. dove did a bungee -- >> worst thing i ever did. >> but it goes down and then right back up. >> the worst part is you feel like you're connected on something, but don't. it's a free fall until the very he said and then he start to feel like i'm connected to something and it throws being back into the air. >> my q
in the latest incident are real. as with the target. unmanned u.s. predator surveillance graft. the incident was real. though the timing is perhaps, perhaps suspect. one week ago. six days before the u.s. election. national security correspondent jennifer griffin is following this breaking story from the pentagon. >> reporter: at 4:50 a.m. november 1, days before the u.s. presidential election, two iranian su-25 frog foot fighter jets like these intercepted and fired twice upon an unmanned, unarmed u.s. m-2-1 predator drone over the persian gulf. it's the first time the iranians ever fired on a u.s. drone. the shots missed on both attempted. iran's fighter pilots briefly pursued the drone that landed safely at an undisclosed location. >> incident occurred over international waters. 16 nautical miles off the coastline. aircraft was never in iranian air space. it was always flying in international air space. the internationally recognized territorial limit is 12 nautical miles off the coast. we never entered the 12 nautical mile limit. >> asked whether the incident was an act of war, the penta
larms in the 1990 gulf war but the people are not used to it. if you look at the people around gaza and the israeli cities there they have in a common place and the people here i would say somewhat in a mode of panic and now as i said the rocket appears to have hit an empty field and certainly what we can say is that it appears as though both sides in this conflict are upping the ante and not taking their foot off the gas. this conflict is escalating rather than deescalating >> i want to correct. i said there were three israeli soldiers killed. they apparently were injured and not killed. do you have any updates on the numbers who have been killed or injured in just the last few days of fighting? >> we have 24 palestinians killed including several children and elderly woman and that of course is inside the gaza strip and also as you said more than 200 people were wounded in those on going air raids. i can tell you i spent last night on the border and you could see it was lit up the entire night. as far as the israeli side is concerned, you're right, it is three soldiers wound when h
to stop it? the answer is no, we should not. one of britain's great u.s. piece, one of our great sales proposition is our openness and this openness is a vital part of our modern industrial strategy. the fact that we are such an open economy is a calling card for britain all over the world and internationally recognized. foreign investment creates jobs and wealth and growth. and far from weakening our base the investment actually strengthens it. look at our car industry. japanese investment. foreign investment is positively beneficial for british jobs in manufacturing and for the reba lansing of our economy that is so essential. and there is a similarly positive story on trade too. more free trade will mean more growth that's why i'm determined to leading new international trade agreements that will benefit britain inincluding e.u. deals with the u.s. and japan in the next year. free trade in in our d.n.a. and with all the institutions and legal expertise here in london, we're not just a great country to trade with, we can also be a country of choice for others to trade in creating yet
liquidity concerns in the market martin schultz is with us. thanks for joining us. is this a sign of things to come, a big standoff with japan? >> well, it's rather surprising that a hopeful government coming in is picking a fight with the bank of japan when they're starting off. what is happening here is that it seems that the ldp doesn't really have a growth strategy right now and the frustration in industry with the strong yen and slowdown in export is tremendous about that. >> big problems if we have unfettered money printing. would there be as he also says 30 years of deflation? >> well, one of the lessons we have here is that many different monetary policies didn't work so far. we still have an economy that is in restructuring mode with many corporations. so sony, sharp, still trying to get back on their feet. on the other hand, we also have an economy that is slinging simply by aging and what would be needed would be strong growth policies and this is what the bank of japan will be pushing when he's in office. on the other hand, deflation is there, printing more yen might be helping
us? we been halted by the long, but this time of what to document every step of the way. one of my triplet sons was taken out of football because of concussions years ago. now knowing what i know, the game can be made safer. the game is being made safer. so very quickly what we did is we parachuted into oklahoma. we've been following 18 for the entire season. we started in february at each monthly visit them for a week. we've been filming them. their concussion rate has plummeted to we put together our risk management program, 15 different steps. we have a celeron matters, hit sensors on their helmet at the high school level, so we are tracking heads. we are tracking everything that these boys walk we been able to get them. no helmets, not just a correct fit but how to measure it. most import message i have is that the kids want these ether and their helmet or as an earbud or mouthpiece. they want that responsibility taken away from themselves. so right now they are underreported and this this is really helping. >> let me bring bill maher to this conversation. as we mentioned as an
, takeovers at military bases given them a new arsenal of heavy weaponry. in this attack, they used rockets and as cnn's arwa damon reports, the rebels claiming this as a major victory. >> reporter: children on the back of a tractor made off with a sizable tangled lump of metal. what was all too often the cause of nightmares now a trophy of war. proudly shown off by this man. we want to take these pieces to show them to the other villages, he says. let them see what happened to these planes. everyone we speak to here describes the fear they felt any time they heard a jet overhead. for them, this is the greatest victory. one man who we spoke to said he was picking olives, saw the plane being hit and the two pilots ejecting. he says at that point everyone fanned out looking for them. he and others are telling us that one pilot was found unconscious with a head injury. video posted to youtube shows a man in military uniform seemingly unconscious being carried away. as a man offcamera states, here is the pilot who was shelling the houses of civilians. another clip is of him in a makeshift field
. they have not confirmed that to us. we'll continue to stay on the story all day long. keith, back to you. >> tony with the latest from the scene. thanks for checking in. >>> within the hour, nancy pelosi announced she plans to stay in her position as house minority leader. she raised millions of dollars to put democrats back in power. they fell short of winning the house majority last week. still, pelosi succeeded in electing the most diverse caucus in the nation's history. >> as you look forward, understand that you are looking into the future. the future of empowerment of women in america. i have made a decision to submit my name to my colleagues to once again serve as the house democratic leader. >> nancy pelosi was the first and so far, only woman elected speaker of the house. she served from 2007 to 2011. in a related development on the republican side, ang us king will go with democrats. he's an ind pen dend. >>> president obama will hold a news conference. he'll have to address the david petraeus scandal as well as the looming fiscal cliff. it may be the republicans, not the democ
adp employment report. mark zandi will deliver the report to us first on cnbc. let's get over to andrew with more of today's top stories. >> joe, i think actually we're going to go and talk to mary thompson. as new jersey begins to recover, gas lines are growing. mary thompson is on the new jersey turnpike this morning. mary, good to see you. but there's been a lot of lines and a lot of people talking about this. >> reporter: yeah, very frustrating situation. take a look behind me, you can see the line at the vince lombardi station. and what you can't see is that it stretches down just about a half a mile to the entrance to this rest stop. our cameraman waited in line to get gasoline, he said it took him about 25 minutes. and brian sullivan drove past it yesterday and said the line was at least 200 cars deep. similar scenes like there are being played out all over new jersey as well as long island. residents driving across state lines to find gas, others expressing increasing frustration with the situation. >> impossible. can't get it. and we have no lights on, so i have to ge
, the american people, reminded us that while our road has been hard, while our journey has been long, we have picked ourselves up, we have fought our way back, and we know in our hearts that for the united states of america, the best is yet to come. >> and we're going to hear more from both men in just a few moments. but first nbc's kristen welker is at obama headquarters in chicago. a long-fought battle for the president? >> reporter: absolutely, lynn. the crowd was electrified when president obama walked out onto the stage behind me. of course, when president obama delivered his victory speech, in that speech he talked about meeting with mitt romney and also talked about reaching across the aisle to work with republicans on pressing issues including deficit reduction, immigration reform and, of course, jobs, lynn. that was the number one issue for voters during this election cycle. almost cost president obama his re-election. he essentially said during his speech last night that he got the message loud and clear. there were also some personal noemts to his speech. he told the crowd publicly
no longer hailed as a hero? >>> good morning, everyone, as we come on the air, more breaking news. the u.s. on high alert right now over a possible war escalating in the middle east. overnight, three israelis killed by rockets from the gaza strip. israeli warplanes are hitting dozens of sites in the gaza. all of that follows a dramatic assassination. this is still escalating at this hour. you see the assassination right there. this could be dangerous. >>> another story we're following closer to home, how did a woman steal $50 million to fuel her passion for racehorses? and how did she finally get caught? we'll explain it all. >>> and it was a routine cheerleading stunt gone horribly wrong at an nba game. now, new details on -- >> no, no, no. >> -- a cheerleader's condition. >> oh! >> and people are asking now, is this sport just too dangerous? >> lots of injuries. >>> but first, let's get right to the cia sex scandal and the breaking news overnight about the veteran fbi agent who took the first investigative steps that could lead to the downfall of cia director david petraeus. brian ross h
of led zeppelin. we talked to jimmy page about their special honor in the u.s. >>> welcome to our viewers on public television in america and around the globe. we begin with dramatic developments in the middle east. palestinian militants have fired a rocket all the way to jerusalem for the first time in decades. they have also targeted tel aviv. israel has risen but by calling up reserve troops and stepping up its bombardment of gaza. in a moment, a report from the gaza strip were there more civilian casualties today. first, we have this report from tel aviv. >> today, and the heart of israel, sirens scream for people to take cover from rocket fire. the past 24 hours have come as quite a shock. even for the million israelis living close to gaza, fear is part of their daily lives, the mortar and rocket fire have increased dramatically. one young couple went out to look at the rocket damage to their house and the warning of another attack sent them running. fire also interrupted a funeral of one of three israelis killed yesterday. premature babies had to be moved elsewhere. israelis are ner
in the u.s. yesterday. take a look at the bond wall here of course we have an italian auction coming up later and italy's ten year, below 4.5% this morning. so price rising. that yield falling. spain also benefiting. that yield down to 5.2%. bunds creeping back up to 1.4% level. let's key in on currency. the aussie dollar despite the broader risk-on attitude a weaker. dollar-yen moving higher 82.13. and the nikkei is adding to its string of gains throughout the month. euro-dollar rebounding off yesterday's trading session to add 0.1%. let's check in on how the asia trading session went overnight and for more, deidre wong morris joins us from singapore. >> well, it was a very good session over here, as well. headline driven. but a good session on the back of that optimism for fiscal cliff talk. all except this glaring spot of red. shanghai composite finishing lower for yet another session. it keeps falling further and further. doesn't seem that there is anything that policymakers or investors can do to lift sentiment in this market. different story in the hang seng, rebounding up about 1
might be stuck. a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make m
>>> hello and thank you for joining us. i'm andrea roane. j.c. hayward is off today. the morning after the most expensive campaign in history, president obama begins planning his next four years in office. bigad shaban takes a look at challenges awaiting the president. >> reporter: a victorious barack obama heads back to washington to face the same divided congress in his secd term. >> the recognition that we have common hopes and dreams won't end all the gridlock. to solve all our problems. >> reporter: the president swept almost all the battleground states. giving him a decisive victory in the electoral college. but the popular vote was much closer. >> whether i earned your vote or not, i have listened to you. i have learned from you. >> reporter: during the president's speech here, he promised to work across party lines. he'll have to, congress remains split. democrats held on to the senate, while republicans kept the majority in the house. president obama hopes to sit down with mitt romney in the coming weeks to meet the difficult challenges ahead. in his concession speech ro
for a possible ground invasion. we're live in gaza. >>> and coming to america. the u.s., a beacon of freedom and hope for people all around the world. the dream of citizenship about to be fulfilled from these people. they come from different lands with different stories to tell, but they will all become americans live today, friday, november 16th, 2012. >>> from nbc news, this is "today" with matt lauer and savannah guthrie live from studio 1a in rockefeller plaza. >>> and good morning. welcome to "today" on a friday morning. i'm matt lauer. >> good morning, everyone. i'm savannah guthrie. as we look at statue of liberty live, we are going to witness something really remarkable today on our plaza, and if there's a dry eye left when this ceremony is over i'll be amazed. 30 people who have worked so hard to become u.s. citizens, a wait that sometimes was measured in decades will become u.s. citizens on our plaza. >> so many of us take it for granted. those people out on the plaza do not take it for granted. their family members are here to witness it as well. it's amazing. >> one minute famili
seen it. >> we're glad you came. >> join us tonight for a special edition of "squawk box." "squawk on the street" begins right now. ♪ >>> after all of the primaries, the ads, the debates, it all comes down to you voting today. good morning. happy election day. welcome to "squawk on the street." i'm carl quintanilla with melis melissa, jim cramer, david faber. some green arrows on the dow. stocks haven't had a three-day winning streak since october 17 as they really do wonder what the end result is going to be after the polls close. as for europe, some pmi numbers coming out. a lot of the negative but some argue not deteriorating as quickly as they have been in recent months and quarters. road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of b
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